Regulator says broker has failed to be open and co-operative. The Financial Conduct Authority (FCA) has cancelled AAA Insurance’s permissions to carry on regulatory services. The regulator stated that the broker has failed to comply with the regulatory requirement to submit its Retail Mediation Activities Return (RMAR) for the period […]
Insurance
Insurance Bureau of Canada pushing to get Uber drivers covered
Tech superstar Uber has received a hand from Canadian insurers as it attempts to gain full legitimacy here. The Insurance Bureau of Canada says it is pushing some provinces for rule changes that would allow drivers working with the ride-sharing service to obtain a new type of coverage. The association […]
Shoprite referred to customer tribunal over insurance sale
Shoprite Investments Ltd and Shoprite Insurance Company Ltd have been accused of selling unnecessary cover and granting credit recklessly. The National Credit Regulator (NCR) announced on Wednesday that it had referred both of them to the National Consumer Tribunal (Tribunal) for: selling retrenchment and occupational disability covers to pensioners and […]
Woman who sued 12-year-old nephew over hug blames insurance company for lawsuit
The Connecticut woman who garnered international headlines when she sued her 12-year-old nephew is fighting back. Jennifer Connell claimed she suffered injuries to her wrist when her nephew hugged her enthusiastically during his birthday party. On Tuesday, a jury found in the favor of her nephew. Connell is now saying […]
African countries turn to insurance to safeguard against climate change
By Lars Thunell & Ngozi Okonjo-Iweala When world leaders gather for critical climate negotiations in Paris later this year, they must not overlook the major injustice that means Africa – responsible for only a tiny proportion of global greenhouse gas emissions (pdf) – will suffer disproportionately from rising temperatures. The […]
British, Swedish companies to extend insurance services to NITC
Commercial Director of National Iranian Tanker Company (NITC), Nasrollah Sardashti, said on Sunday that the British and Swedish insurance companies would offer insurance services to Iranian oil tankers after sanctions relief. [British, Swedish companies to extend insurance services to NITC] Sardashti told IRNA that negotiations have been held for the […]
AXA Mansard Insurance wins award
The Legal Team of AXA Mansard Insurance plc has emerged Best In-House Legal Team in the Insurance category at the ESQ Nigerian Legal Awards 2015, held in Lagos. The ESQ Nigerian Legal Awards honours outstanding legal professionals in Nigeria and in the diaspora. The awards rewards contributions in key business […]
Almond Productions holds insurance consumers forum
Chuks Udo Okonta Almond Productions Limited, producers of Almond Finance and Wealth Report on Television and Wetin Insurance Dey Do Sef on Naija FM has concluded plans to host the 2015 Insurance Consumer’s Forum ( ICF) The Insurance Consumer’s Forum which started in 2013 is a platform for interaction between […]
UK quarterly motor insurance premiums up 4.8 percent, biggest rise since 2010
Quarterly comprehensive car insurance premiums in Britain rose 4.8 percent, the biggest rise since 2010, according to Confused.com’s car price insurance index. The increase, which has been steady for the past year, pushed the average premium for an annual comprehensive car insurance policy to £629 ($965.45), data from price comparison […]
How can insurers and Mobile Network Operators’ partnerships be sustained?
… MicroSave argues that a sophisticated approach to m-insurance is needed. Mobile insurance is insurance sold through and with mobile network operators, offers a strong value proposition for deepening insurance penetration. Mobile insurance from telcos has been dominated by loyalty models, in which a mobile network operator (MNO) pays […]
